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. controversial right-to-work measures will soon be the law of the land in michigan. republican governor rick snider signed the law despite wide protests at the capitol. the law will make it illegal for a union employee to pay union dues as a condition of their employment. >> let's explain that. just for half a second. then we'll go on. right to work, what does it mean? people ask me, what does it mean? it means unions can force somebody to pay them if they want to get a job in the state of michigan. >> well, what it means is, if you get a job, the union extracts money from your paycheck for the dues for union dues. >> well, yeah. >> automatically. >> automatically. >> you've got no choice. oh, you want to work here? well, you've got to pay us. >> right. >> what if i don't want to pay you? what if i don't want to support the candidates you support? what if they're the antithesis of my values? too bad. and so i've never understood this. >> governor snider says it was the unions who started the fight in the first place. by trying to add collective bargaining rights in the state's constitution.
some have fled benghazi. jenna: a big day for michigan, one of the most pro-labor states historically in this nation about to become a right-to-work state. the uns are not going down without a fight. they are staging massive protests. i'm jenna lee. rick: i'm rick folbaum in for jon scott. as massive amounts of demonstrators state troopers with tear gas and batons stand at the ready. governor rick snyder vowing to sign the right to work legislation as soon at it hits his desk. the measure means employees will decide for themselves whether they want to join and financially support a union the governor says that could create more jobs, others are worried that the legislation could weaken the union's power and lead to lower wages for everyone. >> it is a big deal because what they want us to do, they want to reduce workers down to working for less. it is not about, more jobs. the jobs are going to be there. about what conditions you work under. we want to basically work, rite to work and have benefits and feed the middle class like we were. and this legislation is trying to reduce the mi
delivery issues in several states, including iowa, michigan, wisconsin, and nebraska. it also says contingency plans are in place. we didn't see service advisories on u.p.s.'s website or the postal service website. what's adding to this is really that surge in online shopping i just told you about. it's got a direct impact on the shipping business. these shippers, they just had a huge increase in volume this holiday season, and some of the biggest single days ever. listen to this. u.p.s. says it made 28 million deliveries just last thursday. fedex says it moved 19 million packages on its busiest day. even the postal service says it moved a whopping 658 pieces of mail on december 17th. the weather is complicating issues. packages may arrive late in some places. carol? >> you're right about that. i mailed some packages last thursday, and u.p.s. told me i had a 50-50 chance of them getting there by christmas day. i'm keeping my fingers crossed. >> fingers crossed. >> alison kosik, thank you. >>> we have to talk politics. with the president and congress spending christmas away from was
in love with progressive's claims service. >>> it was not until last week that michigan's governor rick snider announced that he even supported a right-to-work law. five days later, after making that support known, the bill was finished and signed so on tuesday, michigan became the 4th right to work state, rushing through legislation that substantial i will reduces union power by banning unions from requiring workers to pay union dues and online onshops that pay yub onwages. go governor snyder adopted the argument that he's freeing workers from having to pay union dues. >> i hope this gives the unions an opportunity to be more successful. by having an opportunity that really have to listen to all the workers there. and say, why are they delivering a value proposition that workers can stand up and choose to joined? >> the latest wave of union setbacks to hit the midwest and states where organized labor is traditionally strong like wisconsin and indiana. this time, however, it happened in michigan, the heart lanlds of the american labor movement. a state that's long been the spiritual cen
of the coverage begins at 2:00 p.m. eastern. >> meantime, tensions boiling over in michigan. big labor unleashing its fury as the governor writes a right to work legislation into law. a live report from there next. goldman sachs ceo live from the deal book conference in a cnbc exclusive. what's his take on the fiscal cliff, the economy and regulatory land scape. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. >> meantime, tensions boiling regulatory landscape. >>> welcome back. i wanted to take a look at shares of berkshire hathaway. earlier, right at the open, berkshire shares were halted. it was unclear why. then we got the news, a significant repurchase of -- or purchase, i should say, of shares from a s
's for sure. >> the cliff and some of the stuff happening in michigan as well. >>> netflix received a notice from the s.e.c. regulators warning that they may bring civil action against the company and reed hastings for violating public disclosure rules by posting something on facebook. back on july 3rd the ceo posted and here's the quote netflix monthly viewing exceeded 1 billion hours for the first time ever in june which seems -- he thought that was fairly innocuous, but the s.e.c. says it violates regulation fd which is the public disclosure. you have to make full and fair public disclosure of what would be considered material nonpublic information. and hastings says this is crap. he's dismissing the s.e.c. contention saying he did not believe that the post was material on facebook. in a letter yesterday he also suggested that because the post was accessible to more than 244,000 subscribers to the page, it was very public. shares of netflix not much happened. there are other things happening with the company, too. we'll talk with an analyst who covers netflix in about 11 1/2 minutes. >>>
and you might have noticed, joe, we had quite a good backup quarterback, a rookie from michigan state, kirk cousins. >> and we've got johnny football, freshman. >> freshman, won the heisman. >> he could win four heismans. >> i was hoping your bengals were going to help us out yesterday. >> you know what, john? i was hoping you were not going to bring that up. i've heard people say this, i want my three hours back. i want my three hours back. they were leading until zero time. they were leading until zero. i mean, that's -- if you've been a bengals fan for 20 years, nothing surprises you any more. they were so much better than dallas through the entire game. i feel okay because dallas wag was dealing with some stuff and maybe they won it for the guy that unfortunately lost -- you know, i could see they were playing a little bit inspired. it's better that the bengals do it now than in the first playoffs game. >> the jets won yesterday keeping their playoffs alive. >> here is my question about the bengals. do you see them as still on the rise? >> you didn't see the game? because they wer
-looking machine and i'm proud of having it. kellogg's, i think that is -- battle creek, michigan, terrific food company, jpmorgan, good bank, general mills, well, wait a second, we've got two of a kind. that's a match game one. i'll come back to that. procter, my charitable trust bought today. ibm, also charitable trust. we're going to keep kellogg, we're going to -- oh, boy, penpal's going to get mad at me, but we can't have both of these. we're going to swap out the general mills put in bristol-myers and own jpmorgan, a bank stock and then we will have diversification. ♪ hallelujah >> that makes me feel at home. let's go to scott in west virginia. scott? >> caller: hey, jim. i've got kellogg, k, norfolk southern, nfc, disney, dis, abbott laboratories, abt, bank of america, bac. >> mountaineers, wasn't their year, like that team, though. okay. here we go. disney, bob iger is doing a remarkable job. did anyone else like it besides me after that quarter? i stuck by it. bank of america, financial, abbott drug company, norfolk southern transportation, kellogg food, it's a food, transport, drug,
on acceleration. >> it's little bit of both. one of those survey, university of michigan, people are more confident about employment prospects than at any point since 1984. these judge people's change in feeling mono. you can't compare your feelings five years ago to today. it may be we look like we're feeling better but if you got someone in the room from 2008 they may feel worse. people are feeling more at ease. on the plus side the employment situation isn't getting better but it stopped getting worse. incomes are up a little bit. people have been saving for four years. they don't have nearly as much debt and rates are low. there's a lot of factors coming into this. the housing market is picking up. nothing like it was. but better than it has been in recent memory. there's a lot of reasons why people in general are feeling better which doesn't mean there aren't 20, 30, 40 million people who are doing poorly. >> here's the $6 million question. here we have a situation where most americans are more optimistic, businesses are more pessimistic inverse to the last couple of years when busin
's in michigan today with extension from daimler. >> no, that's right. ironically michigan might vote to become a right-to-work state which could help their manufacturing competitiveness, as well. but thatroceeen going on for 20 years. now, look, we think we probably need to cut the corporate tax rate and have a territoriality agreement so we stop trying to tax profits of u.s. domiciled countries twice. but if we can do those things we think manufacturing will start coming back. it's not going to really happen in a major way in '13. but you know, '14, '15, these benefits will start to accrue to the economy and if it looks like there's a real strong case for a pickup in earnings growth, in '14, then the market will start to price that in the backup of '13. >> we spend so much time talking about what's going to happen in washington over the next 20 days. it's nice to actually have a conversation about what will happen in the next twelve months. brarry, thank you so much. >> i had to force myself to do it. >> barry knapp at barclays in new york. thanks, man. where's the love for the twinkie? today
? >> we're looking for university of michigan, and it should come out momentarily. 72.9. so 72.9 on university of michigan sentiment survey. of course, this is the december final. it's going to be comped to 74.5. but that's a little bit disingenuous. it really should be comped at 82.7. that was the final reit to last month. we definitely take a bit of a backup here. how does 72.9 fit in. we vice president been below 72 point 9 since july. it was 72.3. maybe a little bit of a disappointment. of course, last night's issue with the vote, obviously didn't make the survey. but it will make the survey of what the markets try to define for the rest of the day. back to you. >> all right. thank you, rick santelli. jim, you know, let's talk about what's on "mad" tonight. >> tipco is one of these stocks, there's a bunch of them, i mentioned red hat. these are companies, s.a.p., oracle, you bring them in and you save money. you go to harrah's, and it's put together by their team. you know when you go into amazon, david let's say you like books on gardening, the next thing i know it puts yo
. >> nbc property. >> looking pinub in all the wrong places. >>> a major investment in michigan, that story next, and more from our guest host who is once, twice, three times a bank ceo. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit of perfection. >>> welcome back to "squawk box." dow looks like it would open 25 points higher, up almost two points, the nasdaq a little over close to two and a half points. making headlines, ford plans to invest more than $773 million in new equipment and capacity expansion across six plants in southeast michigan. the automaker has committed to invest $6.2 billion in u.s. plants by 2015 as part of an agreement with the uaw. >>> coming up, our guest host this morning has been john can his, chairman and ceo of bank united. we are going to give him the last word. easy like sunday morning when "squawk" returns. ...so as you s customer satisfaction is at 97%. mmmm tasty. and cut! very good. people ar
snow. chicago, michigan, all those midwestern states, now bracing for a big storm but come a little bit late. >> global warming. that's what people are saying. >> let's check in with bob pisani here on the floor this morning. bob, have you met snoopy yet? >> hey, no haven't met snoopy. everybody here distracted, i think a little news everyone is talking b try to answer issues, people want to know what is going on here. the deal reflectsed diminishing value of the stock trading business and the higher value of the derivatives business. when i say diminishing value, remember the nasdaq ice bid that happened in april 2011? 4253. today's deal, 3312. that's not lost with anybody. a higher p, market cap here. what is going to happen to the stock trading busy in know what they are saying what is really going to happen? a lot of the betting, they will spin off the european part of the cash equities business, retaint u.s. part. however, that does not mean that in the future, you couldn't having? happen. you couldn't spin it off, ipo it in the future, even having current management retain control
arbor, michigan, is domino's ceo patrick draw. patrick, are you -- can you do this? i really should recuse myself. i had -- >> he's already been eating the pea sxwap. >> and last night i ordered two pizzas and garlic bread. it was like $31, patrick. you guys are -- you're doing all right for yourself. i have to let becky do this interview because i'm bias. >> and did you deliver those pizzas? i don't think you did. i think we already did some -- how is pizza? you redid the menu. are you where you want to be in terms of the new menu and quality at dominos? >> yeah, we absolutely are. business has been great the last couple of years. you know, through the third quarter it was still strong this year. worry about europe a little bit. we've still held together there. that's the region of the world we worry about more than others. asia is still strong. latin america has held up pretty well. >> do you have plans to get any healthier? is that something -- i'm not saying you're not, but you know the way to political winds are blowing, you've seen mcdonald has some success and, you know, we'r
a statement, markets pulled back. they had rallied back after the university of michigan data. they were back at the morning's highs. people said, wait a minute. if it's a deal, wouldn't both of them be making a statement. it's something that you keep in the back of your mind. if you ever hear they're going to make a joint statement, the mashlt will probably take off, sensing that that's the deal. this morning they pulled back in anticipation of his speaking because he was speaking along and then they pulled back on his statement which seems edseemed progress so far. >> it might be a free pass. so many different variables. sandy, the election, holiday workers. you say three asterisks. >> yeah, i think it has to have three asterisks, it doesn't fit in with initial claims and other items. they said sandy had no impact on the number. i think that may be because the number was basically taken before the impact was held. i think they're going to see a lot of revisions here. >> next week setting up. it's going to be another big one. same store sales from various companies and, of course, the fed. >
of things. a stretch of michigan could see mixing. into friday the system makes its way to the east coast. new york dealing with rain in the morning. d.c. may be safe from that. on the back side, a lot of us will be cooling down. a big-time travel week, especially toward the holiday season. so a number of things to keep a close eye. and saturday almost all the -- close eye on. and saturday almost all the snow is lake-effect snow. the eastern edge of the lakes through western p.a., western new york, the better chances for some of the snow with that system. a lot to watch there, guys. >> all right. and you don't -- that's all loaded into your thing. you press -- press it, and it just -- it happened. you don't have like -- you're not pressing snow. you don't have like a rain button or sleet button. you can't just turn that into sleet, can you? >> if i could do it, i would turn atlanta into a ski town. >> that would be good. in denver now, do you know, is it going better than last year -- in the reeks there, do they have a better base? is it looking good for the season, do you know? >> so far
Search Results 0 to 15 of about 16